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Dr. Jack Buffington discuses his new book “Reinventing the Supply Chain: A 21st-Century Covenant with America”. There were no supply chains before hydrocarbons and oil has been the lubricant, which allowed the U.S. to become the leader in manufacturing. Fearing the loss of the war machine economy, the U.S. transitioned to a consumer economy. He describes the disastrous effects of deindustrialization and how population decline poses a threat to the supply chain because there are not enough consumers. He explains the effect of Covid and the Ukraine War on the supply chain, what happens to consumption when AI takes over, and says we need a new model of supply chain to account for what needs to happen in the future. https://geopoliticsandempire.com/2023/08/27/buffington-deindustrialization-demographics-supply-chain
Dr. Jack Buffington discuses his new book “Reinventing the Supply Chain: A 21st-Century Covenant with America”. There were no supply chains before hydrocarbons and oil has been the lubricant, which allowed the U.S. to become the leader in manufacturing. Fearing the loss of the war machine economy, the U.S. transitioned to a consumer economy. He describes the disastrous effects of deindustrialization and how population decline poses a threat to the supply chain because there are not enough consumers. He explains the effect of Covid and the Ukraine War on the supply chain, what happens to consumption when AI takes over, and says we need a new model of supply chain to account for what needs to happen in the future. https://geopoliticsandempire.com/2023/08/27/buffington-deindustrialization-demographics-supply-chain
